Nigeria to Grant Funding to AI Startups and Researchers
The Nigerian government plans to provide 5 million naira ($6,444) in funding to 45 artificial intelligence (AI)-focused startups and researchers. The initiative is part of the Nigeria Artificial Intelligence Research Scheme, which aims to promote the use of AI for economic advancement. The scheme focuses on various sectors including agriculture, education, finance, governance, healthcare, utility, and sustainability.
Eligibility Criteria and Research Proposal
To be eligible for the grant, applicants must form a consortium consisting of a startup or tech company and a researcher from a Nigerian university or a foreign researcher. Applicants are required to submit a research proposal aligned with the Ministry of Communications, Innovation and Digital Economy’s AI focus areas. They must also demonstrate the potential economic impact of their project in Nigeria.
Expectations and Application Period
Applicants should have a proven track record of excellence in research or entrepreneurship and are expected to publish at least one peer-reviewed article within one year of receiving the grant. The application period begins on October 13, 2023, and ends on November 15, 2023. A panel of AI specialists will evaluate the proposals.
Collaboration with Nigerian Heritage Scientists
In August, the Nigerian government invited scientists of Nigerian heritage and globally renowned experts who have experience in the Nigerian market to collaborate in formulating its National Artificial Intelligence Strategy.
Hot Take: Boosting AI Innovation in Nigeria
The Nigerian government’s decision to grant funding to AI startups and researchers is a significant step towards boosting innovation in the country. By focusing on key sectors such as agriculture, education, finance, healthcare, and governance, Nigeria aims to harness the potential of AI for economic growth and development. This initiative not only provides financial support but also encourages collaboration between startups, tech companies, and researchers. With a strong emphasis on research excellence and the potential economic impact of projects, Nigeria is positioning itself as a hub for AI innovation in Africa.
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